61 Leo Menendez DrSpelterWV26438
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Spelter at 61 Leo Menendez Dr, Spelter, WV, 26438 offers a 10.43% rental yield on a $125,000 purchase with $1,086/mo rent. Total monthly income registers $1,086/mo, and a $612/mo payment leaves $363/mo available for distribution. Annual cash flow reaches $4,351/yr on $41,438 to close, and return on cash invested stands at 30.41% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 158.65% and total cumulative return in cash at $65,741. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,086/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1906
7,496 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26438, Spelter, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 81 (100%) |
| Owner Occupied HU | 42 (51.9%) |
| Renter Occupied HU | 30 (37.0%) |
| Vacant Housing Units | 9 (11.1%) |
| Median Home Value | $162,500 |
| Average Home Value | $185,655 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
3
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Listed by: MICHELLE DODRILL • VANTAGE POINT REALTY, LLC
Mls Name: NCWV REIN
Mls ID: #10162547